WorleyParsons Limited (ASX:WOR) has inked a deal to buy US-based MTG, a management consulting firm in the oil and gas, petrochemicals and chemicals industries.
The engineering firm says the acquisition represents another very important building block in the growth of its advisory business, Advisian.
MTG has a 30 year history of providing strategic management advice and has operations across North America, the UK and Australia.
WorleyParsons says the purchase will provide it with deep strategic skills in business transformation.
The transaction is expected to be tied-up by the end of October.
WorleyParsons reported a net profit of $269 million in the full 2014 financial year.
